Falcon’s Beyond Global (NASDAQ:FBYD) Trading 10.9% Higher – Should You Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) was up 10.9% during mid-day trading on Monday . The company traded as high as $11.01 and last traded at $10.9360. 12,194 shares changed hands during trading, a decline of 90% from the average daily volume of 122,477 shares. The stock had previously closed at $9.86.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Falcon’s Beyond Global from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Falcon’s Beyond Global Stock Performance

The firm’s 50 day moving average is $13.38 and its 200-day moving average is $11.29. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -105.30 and a beta of -2.57. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.66 and a current ratio of 0.66.

Falcon’s Beyond Global (NASDAQ:FBYD) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.01) EPS for the quarter. Falcon’s Beyond Global had a negative net margin of 8.60% and a negative return on equity of 50.04%. The firm had revenue of $5.62 million for the quarter.

Hedge Funds Weigh In On Falcon’s Beyond Global

Several institutional investors and hedge funds have recently modified their holdings of FBYD. Bank of New York Mellon Corp acquired a new position in Falcon’s Beyond Global in the 2nd quarter worth about $1,067,000. Invesco Ltd. purchased a new stake in shares of Falcon’s Beyond Global in the fourth quarter valued at approximately $2,555,000. Chokshi & Queen Wealth Advisors Inc purchased a new stake in shares of Falcon’s Beyond Global in the fourth quarter valued at approximately $162,000. Barclays PLC acquired a new position in shares of Falcon’s Beyond Global during the 4th quarter worth approximately $343,000. Finally, Marshall Wace LLP acquired a new position in shares of Falcon’s Beyond Global during the 4th quarter worth approximately $207,000. Hedge funds and other institutional investors own 38.88% of the company’s stock.

About Falcon’s Beyond Global

Falcon’s Beyond Global, Inc is an experiential entertainment development enterprise. It connects the world by bringing stories to life through theme parks, resorts, animation, consumer products, gaming, and movies. The company propels intellectual property activations concurrently across physical and digital experiences through three core business units. Falcon’s Creative Group is a themed entertainment and master planning firm. Falcon’s Beyond Destinations develops, owns, and operates global entertainment destinations from resorts, theme parks, and attractions to retail, dining and location-based entertainment venues.